E-Eyes.com has a new issue of preferred stock it calls 15/15 preferred. The stock will pay a $15 dividend per year, but the first dividend will not be paid until 15 years from today. Required: If you require a 7.50 percent return on this stock, how much should you pay today?

multiple choice

$13.33

$67.59

$16.13

$14.29

$72.66